Education and Information on Everything Finance from David Bach

financial advisors

A Definitive Guide to Every Type of Financial Advisor

“Financial advisor” is a generic term. Here’s everything you need to know about the main types of advisors.

financial advisors

How Much It Costs to Hire a Financial Advisor

Hiring a professional to help with your money may be more affordable than you think.

financial advisors

What Is A Fiduciary?

When it comes time to hire a financial advisor, there’s one term you’re going to want to fully understand: fiduciary.

financial advisors

Robo-Advisors vs. Financial Advisors: How to Know Which One is Right For You

Everything you need to know about robo-advisors and financial advisors.

savings

Here’s What Today’s Average Savings Account Rates Are (Nov. 16)

Here’s what the national average interest rate on savings accounts is, as of November 16, 2020.

rates

Here’s What Today’s Mortgage Interest Rates Are (Nov. 12)

Mortgage interest rates have been hitting record lows all year, but rose slightly this week. Here’s what they are as of November 12, 2020.

savings

How To Choose A Financial Advisor

The right financial advisor can help guide you along your path to living and finishing rich.

insurance

The Ultimate Guide to Pet Insurance Costs: How Prices Vary by Breed and Tips to Help You Save

Shopping smartly for pet insurance means understanding the factors that affect the price. Here’s everything you need to know.

robo advisors

What Are Robo-Advisors and How Do They Work?

Automated investing platforms known as “robo-advisors” are becoming more and more mainstream. Here’s everything you need to know about how they work.

student

Are Student Loans Still Paused? Here’s What Borrowers Should Know for the Rest of 2020

Here’s a breakdown of everything you need to know about the current state of federal student loans.

savings

Here’s What Today’s Average Savings Account Rates Are (Nov. 9)

Here’s what the national average interest rate on savings accounts is, as of November 9, 2020.

rates

Here’s What Today’s Mortgage Interest Rates Are (Nov. 5)

Mortgage interest rates hit another record low, for the 12th time this year. Here’s what they are as of November 5, 2020.

savings

5 Money Moves to Make Before the End of the Year

You don’t have to wait until January 1 to start chipping away at next year’s goals.

savings

Ask Yourself This One Question To Change Your Life in 2021

Grab a journal and a pen, and answer this question today.

purchase

Want to Buy a House? Use This Calculator to Figure Out Exactly How Much It’ll Cost You

Let this calculator do the math for you.

savings

Here’s What Today’s Average Savings Account Rates Are (Nov. 2)

Here’s what the national average interest rate on savings accounts is, as of November 2, 2020.

rates

Here’s What Today’s Mortgage Interest Rates Are (Oct. 29)

Mortgage interest rates remain at rock-bottom levels. Here’s what they are as of October 29, 2020.

savings

Don’t Wait Until It’s Too Late to Hire a Financial Advisor

Most people tend to wait until they’re close to retirement before hiring a financial advisor. Oftentimes, that’s too late.

investing

The Money Advice Serena Williams Would Give Her Younger Self is Something Anyone Can Benefit From

It’s a money lesson anyone can benefit from.

savings

You Can Earn 56 Times More Interest Using This Online Bank—Here’s How

Interest rates have plummeted amid the pandemic, but one online bank is offering some consumers 2.8% APY. Here’s how you can qualify.

savings

Here’s What Today’s Average Savings Account Rates Are (Oct. 26)

Here’s what the national average interest rate on savings accounts is, as of October 26, 2020.

rates

Here’s What Today’s Mortgage Interest Rates Are (Oct. 22)

Mortgage interest rates are still very low. Here’s what they are as of October 22, 2020.

refinance

How to Refinance Your Mortgage

With such low rates, now is a great time to refinance your mortgage. Here’s how to do it.

savings

Finish 2020 Strong in Life, Money and Business by Asking Yourself These 5 Questions

It’ll only take an hour, but could mean the difference between starting the new year off on the right foot or on the wrong one.

life

What is Term Life Insurance?

Term insurance comes in two basic flavors: annual renewable term and level term. Here’s what you need to know.

investing

Use This Formula to Figure Out How to Invest Your Money at Every Age

It’s smart to invest in both stocks and bonds. This formula will tell you how much of each to invest in.

investing

The Smartest Way to Invest Your Money at Every Age

Here’s exactly how much of your money should be invested in cash, bonds and stocks depending on your age.

investing

6 Major Mistakes First-Time Investors Make

Don’t make these common mistakes if you’re new to investing.

rates

Here’s What Today’s Mortgage Interest Rates Are (Oct. 15)

Mortgage interest rates continue to set record lows.

savings

Here’s What Today’s Average Savings Account Rates Are (Oct. 19)

Here’s what the national average interest rate on savings accounts is, as of October 19, 2020.

purchase

The Smartest Investment You Can Make in Your Lifetime

It has nothing to do with stocks or mutual funds.

personal

The Average Credit Score Hit a Record High of 711 Despite Covid-19 Pandemic

The Covid-19 pandemic has rocked the U.S. economy. But you wouldn’t know it from looking at credit scores.

retirement

Traditional IRA vs. Roth IRA. Here Are the Main Differences

There are two main types of IRAs: a traditional IRA and a Roth IRA. They both offer big tax advantages, but there are a few key differences to be aware of.

retirement

How Much of Your Income You Should Be Saving for Retirement

Retirement may feel like it’s too far off to start thinking about, but the longer you wait to save for your future, the further behind you’ll fall.

savings

Here’s What Today’s Average Savings Account Rates Are (Sep. 28)

The national average interest rate on savings accounts is low, but you can make your money work harder for you if you choose the right account.

retirement

Everything You Need to Know About 401(k) Plans

A 401(k) plan is considered the mother of all retirement accounts. If used properly, it can help you retire rich.

renters

How Much Renters Insurance Costs

If you’re a tenant, renters insurance is a smart and relatively cheap investment. Here’s how much it costs and what impacts the price.

purchase

How an Adjustable-Rate Mortgage Works

An ARM has a fixed rate for the first phase of the loan. After that, an adjustable period begins during which your rate can increase or decrease.

renters

Everything You Need to Know About Renters Insurance

Renters insurance is a smart investment if you’re a tenant. And it’s one of the most affordable insurance policies you can buy.

rates

Here’s What Today’s Mortgage Interest Rates Are (Sep. 24)

Mortgage interest rates have been setting record lows over the last few months. Here’s what they are as of September 24, 2020.

retirement

Everything You Need to Know About 401(k) Plans, IRAs and Other Retirement Savings Accounts

If you’re not already contributing to a pre-tax retirement account, it’s time to open one today.

personal

Follow This Simple Rule to Stay Out of Debt

If you want to build lasting wealth, credit card debt isn’t an option. The sooner you can get out of the red, the better your financial future will look.

savings

How to Build an Emergency Fund, in 4 Steps

When the going gets tough, you want cash. So if you haven’t already built a cash reserve, the time to start saving is now.

personal

How Much It Costs if You Don’t Pay Off Your Credit Card Balance in Full

Most credit cards only require you to make a minimum payment each month. But the less you pay now, the more you’ll pay later.

retirement

What It Actually Means to ‘Pay Yourself First’

Chances are, you’ve heard the phrase “pay yourself first.” But just because you’ve heard of it doesn’t mean you’re living it.

personal

The No. 1 Mistake People Make With Their Debt

If you’re in debt, you need to first and foremost understand your financial situation. You can’t cure what you don’t face.

personal

The 5 Main Factors That Affect Your Credit Score

Credit-rating companies like FICO and VantageScore look at these factors when deciding on your credit score.

personal

Want to Get Out of Debt? Start by Asking Yourself These 7 Questions

The first step to getting out of debt is facing it. Here are seven simple questions that will force you to come to terms with your debt right now.

purchase

Millennial Who Bought Her First Home During Covid-19 Shares Her Best Advice

27-year-old Hannah Addington bought her first home in just a week — and she did it with nearly $70,000 worth of student loans.

savings

The Most Important Thing to do With Your Money During the Covid-19 Pandemic

There’s one thing all of us should be doing with our money right now.

purchase

Millennial Who Bought Her First Home With Less Than $6,000 Shares the First Step She Took

Hannah Addington bought her first home in Sacramento, CA with nearly $70,000 in student loans and barely anything in savings.

personal

How to Raise Your Credit Score

Raising your credit score isn’t that hard if you know what to do. Here’s an action plan that’ll help get your score up and keep it there.

personal

How to Get Out of Credit Card Debt, In 6 Simple Steps

Ultimately, if you want to build lasting wealth, you need to get out of the red.

personal

The First Step to Take to Get Out of Debt

The sooner you can get out of the red, the better your financial future will look.

purchase

How a Fixed-Rate Mortgage Works

Fixed-rate mortgages are the industry’s most basic mortgage product. Here are the pros and cons of 15- and 30-year fixed-rate mortgages.

purchase

A Definitive Guide to Mortgages—And How to Pick the Right One

A crucial step in the homebuying process is getting the financing right. Here’s a guide to the most popular types of mortgages.

purchase

How Much Money You Should Put Down On a Home

Contrary to popular belief, you don’t need tens of thousands of dollars in cash to make a down payment and get a mortgage.

purchase

The No. 1 Misconception That Holds People Back From Buying a Home

If you want to build wealth, it’s time you start thinking about buying a home. Don’t let this common misconception hold you back.

purchase

A Simple Way to Save Thousands of Dollars on Your Mortgage

Anyone can use this strategy to pay off their mortgage early and save big on interest.

purchase

This 27-Year-Old Bought a Home in 7 Days With Less Than $6,000—Here’s How

Sacramento-based millennial Hannah Addington became a homeowner with barely anything in savings. Here’s how.

savings

7 Places Your Money Needs To Go Automatically if You Want to Build Wealth

Building wealth starts with a financial plan that’s automatic. Here’s how to make one.

investing

Dwayne ‘The Rock’ Johnson is Investing in This Money App That Wants to Help You Save and Invest

The Rock recently became an investor in Acorns, a money app that makes it easy to save and invest for your future.

News

David Bach’s Guide to Financial Recovery

Here’s what to do with your money during the Covid-19 pandemic.

purchase

How to Figure Out How Much Home You Can Afford

Follow these four steps to make sure you’re budgeting the right amount of money for your home.

savings

The 7 Best Ways to Save Money

Develop a habit of looking for strategies to save, no matter how much money you make. Here are some of my favorite ways to cut back.

life

How Much Life Insurance Costs in 2020

People tend to think that having adequate coverage means shelling out a lot of money, but that’s not necessarily true.

savings

6 Important Money Moves to Make Before Getting Married

Getting married is a huge decision that impacts many aspects of life — including your finances.

refinance

Is It a Good Time to Refinance Your Mortgage?

Mortgage rates continue to hit record lows. In September 2020, the average interest rate on a 30-year fixed-rate mortgage dropped to 2.86%.

purchase

The Real Estate Market Is Hot Despite Covid-19

Homes are selling quickly and for sums that are often at or over the asking prices.

savings

Where to Keep Your Emergency Fund Money Right Now

For millions of Americans the economic disruptions caused by the coronavirus outbreak have highlighted the importance of emergency savings. Here’s where to stash your savings.

retirement

3 Simple Steps to Save For Retirement if You’re Self-Employed

Working for yourself means your retirement savings plan falls entirely on your shoulders. Don’t let that deter you from investing for the future.

retirement

Everything You Need to Know About Making a Will Online

In normal times, a last will and testament is a prudent thing to have. During a public health emergency like the ongoing Covid-19 pandemic, they’re essential.

life

How to Pick the Best Life Insurance Plan for Every Budget

We don’t like facing down potential doom, but digging into the details of life insurance policies is paramount to getting optimal coverage.

life

Life Insurance Prices Will Likely Rise Because of the Pandemic—Here’s What That Means for You

Typically, life insurance sales spike after any kind of a catastrophe.

purchase

How To Buy Your First Home, in 8 Steps

Owning your own home is key to building wealth. Here are my top tips for buying your first place.

home

How Much Homeowners Insurance You Should Buy

In regards to how much homeowners insurance you should buy, keep the Goldilocks Principle in mind: Not too much, not too little, but just right.

auto

How To Lower Your Car Insurance Rates Right Now

Even with the recent auto insurance rebates offered by many big insurers because of the Covid-19 pandemic, you’re probably still paying too much on your premiums.

purchase

When You Should Start Saving For a Home, According to Experts

It’s never too early to start saving for a home. Here’s how to get started today.

savings

8 Smart Money Moves to Make Before Turning 40

Here are some of the smartest money moves to make in your 30s.

purchase

Why You Should Buy a Home During the Covid-19 Pandemic

Interest rates are at a historic low, making homeownership affordable. Learn why now may be the perfect time to stop renting and buy your first home.